This paper provides an overview of the academic literature on the market for corporate
control, and focuses specifically on firms' performance around and after a takeover. Despite …

Taking the implementation of the “Green Credit Guidelines” in China in 2012 as an
exogenous shock, we adopt the difference-in-differences (DIDs) method to explore the …

Cross-border mergers and acquisitions (M&A) constitute an important phenomenon due to
their volumes, frequencies, and strategic relevance for business practice. Academia has …

Using a large sample of Chinese companies' domestic M&A, this study provides new
evidence on the financial payback of corporate ESG and its dynamics. We find that …

We draw on agency and stakeholder theories to examine the corporate social responsibility
(CSR) engagement–empire building relationship. Our results, using a US sample for the …

The economics literature has made important strides towards explaining the dynamics of
labor markets. While that literature focuses on studying labor markets at the individual …

Prior studies find mixed evidence about the substitution relation between bank credit and
trade credit. In this paper, using two bank interest rate deregulations in China, we revisit the …

We present evidence that the desire to gain human capital is an important motive for
corporate acquisitions. Our tests exploit the staggered recognition of the Inevitable …

The private economy has always been an important force in promoting the development of
China's national economy. The unfair competition faced by private enterprises (PEs) …

Employment protection increases labor adjustment costs and hence the expected costs of
financial distress for labor-intensive firms. It follows that these firms are likely to increase …